By Marisa Wong
Morgantown, W.Va., May 14 – JPMorgan Chase Financial Co. LLC priced $5.86 million of uncapped buffered return enhanced notes due May 15, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial value, the payout at maturity will be par plus 1.05 times the gain.
If the index finishes flat or declines by up to 50%, the payout will be par. Investors will lose 2% for every 1% decline beyond 50%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped buffered return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $5,857,000
|
| Maturity: | May 15, 2023
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.05 times any index gain; par if index finishes flat or declines by up to 50%; 2% loss for every 1% drop beyond 50%
|
| Initial value: | 2,672.63
|
| Strike date: | May 7
|
| Pricing date: | May 10
|
| Settlement date: | May 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48129MSG2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
